“Jim Kauffman and his team at Jen-Coat did an outstanding job of building this company over the years, particularly during this recent period of economic difficulty” said Bart McLean, an MSouth Partner. “We are pleased with this transaction, and the gain that it generated for our CGW investors.”

MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued $25 - $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. MSouth is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984. Total capital under management exceeds $1.0 billion.